Ben Bernanke

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Ben Shalom Bernanke (born 1953-12-13) is the Chairman of the Board of Governors of the United States Federal Reserve.

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  • There’s no denying that a collapse in stock prices today would pose serious macroeconomic challenges for the United States. Consumer spending would slow, and the U.S. economy would become less of a magnet for foreign investors. Economic growth, which in any case has recently been at unsustainable levels, would decline somewhat. History proves, however, that a smart central bank can protect the economy and the financial sector from the nastier side effects of a stock market collapse
  • The economic repercussions of a stock market crash depend less on the severity of the crash itself than on the response of economic policymakers, particularly central bankers.
    • "A Crash Course for Central Bankers," Foreign Policy (September/October 2000)

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